All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 October Who suffers most from Melbournes extended lockdown Who suffers most from MelbourneΓÇÖs extended lockdown? Hint: they are not necessarily particularly vocal 05/10/2020 | 5 MINS Businesses are protesting vociferously about VictoriaΓÇÖs extended lockdown. ItΓÇÖs ΓÇ£gut-wrenching,ΓÇ¥ ΓÇ£devastating,ΓÇ¥ a ΓÇ£trainwreck,ΓÇ¥ a ΓÇ£death knellΓÇ¥. Yet businesses and shareholders are far from representative of those most at risk. The best evidence weΓÇÖve got suggests the hardest hit are VictoriaΓÇÖs already disadvantaged. Those arguing for extended lockdowns make the point that they are not as costly as they might seem (to anyone) because their effects need to be compared not with business as usual, but with business in which a pandemic encourages people to stay at home and reduce spending. AustraliaΓÇÖs recession began during the March quarter, almost all of which was before the lockdowns began on March 24. VictoriaΓÇÖs job losses accelerated well ahead of the renewed Stage 3 and then Stage 4 lockdowns which began on July 8 and August 2. In the United States it ha

All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 October Who suffers most from Melbournes extended lockdown Who suffers most from MelbourneΓÇÖs extended lockdown?

Hint: they are not necessarily particularly vocal 05/10/2020 | 5 MINS Businesses are protesting vociferously about VictoriaΓÇÖs extended lockdown.

Lombok Institute of Technology

ItΓÇÖs ΓÇ£gut-wrenching,ΓÇ¥ ΓÇ£devastating,ΓÇ¥ a ΓÇ£trainwreck,ΓÇ¥ a ΓÇ£death knellΓÇ¥.

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Yet businesses and shareholders are far from representative of those most at risk.

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The best evidence weΓÇÖve got suggests the hardest hit are VictoriaΓÇÖs already disadvantaged.

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Those arguing for extended lockdowns make the point that they are not as costly as they might seem (to anyone) because their effects need to be compared not with business as usual, but with business in which a pandemic encourages people to stay at home and reduce spending.

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AustraliaΓÇÖs recession began during the March quarter, almost all of which was before the lockdowns began on March 24.

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